In today’s session LinkedIn Corp (LNKD) recorded an unusually high (310) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious LNKD decrease. With 310 contracts traded and 33194 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: LNKD161118P00190000 closed last at: $0.85 or 5.6% down. About 266,609 shares traded hands. LinkedIn Corp (NYSE:LNKD) has risen 74.53% since April 12, 2016 and is uptrending. It has outperformed by 69.55% the S&P500.
LinkedIn Corp (NYSE:LNKD) Ratings Coverage
Out of 36 analysts covering LinkedIn (NYSE:LNKD), 9 rate it a “Buy”, 1 “Sell”, while 26 “Hold”. This means 25% are positive. $311 is the highest target while $125 is the lowest. The $183.70 average target is -3.75% below today’s ($190.85) stock price. LinkedIn has been the topic of 76 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Jefferies downgraded it to “Hold” rating and $196 target price in Tuesday, June 14 report. The company was downgraded on Tuesday, June 14 by Stifel Nicolaus. The rating was maintained by Citigroup with “Neutral” on Friday, April 1. The rating was upgraded by Sterne Agee CRT on Friday, October 30 to “Buy”. Axiom Capital downgraded LinkedIn Corp (NYSE:LNKD) on Tuesday, June 14 to “Hold” rating. On Friday, October 30 the stock rating was maintained by FBR Capital with “Mkt Perform”. Morgan Stanley downgraded LinkedIn Corp (NYSE:LNKD) rating on Wednesday, March 16. Morgan Stanley has “Equal-Weight” rating and $125 price target. On Friday, February 5 the stock rating was downgraded by Atlantic Securities to “Neutral”. As per Monday, July 18, the company rating was maintained by Citigroup. The rating was downgraded by First Analysis on Tuesday, June 14 to “Equal-Weight”.
According to Zacks Investment Research, “LinkedIn Corporation is an online professional network which allows members to create, manage, and share their professional identity online, build and engage with their professional network, access shared knowledge and insights, and find business opportunities. Its platform also provides members with applications and tools to search, connect, and communicate with business contacts, learn about career opportunities, join industry groups, research organizations, and share information. LinkedIn also offers services like hiring solutions, marketing solutions and other services. LinkedIn Corporation is headquartered in Mountain View, California.”
Insitutional Activity: The institutional sentiment increased to 1.27 in 2016 Q2. Its up 0.45, from 0.82 in 2016Q1. The ratio improved, as 93 funds sold all LinkedIn Corp shares owned while 115 reduced positions. 135 funds bought stakes while 130 increased positions. They now own 84.69 million shares or 11.38% less from 95.56 million shares in 2016Q1.
Airain Ltd has 0.26% invested in the company for 23,370 shares. The Pennsylvania-based Gardner Lewis Asset Mgmt Lp has invested 2.34% in LinkedIn Corp (NYSE:LNKD). Ameriprise has 0.04% invested in the company for 405,581 shares. Da Davidson & reported 224 shares or 0% of all its holdings. S&Co has 1,098 shares for 0.03% of their US portfolio. Lmr Ltd Liability Partnership reported 80,000 shares or 2.35% of all its holdings. Wcm Inv Mngmt Ca holds 4,000 shares or 0.01% of its portfolio. Janney Montgomery Scott Ltd Co has 0% invested in the company for 1,097 shares. Los Angeles Capital Mgmt And Equity owns 72,594 shares or 0.12% of their US portfolio. Point72 Asia (Hong Kong) accumulated 3,977 shares or 0.87% of the stock. Sei Invests holds 0.02% or 16,147 shares in its portfolio. Glazer Ltd Llc accumulated 275,704 shares or 6.73% of the stock. Moreover, Yakira Mgmt has 2.58% invested in LinkedIn Corp (NYSE:LNKD) for 36,000 shares. Greylin Inv Mangement owns 9,050 shares or 0.43% of their US portfolio. Scge Mngmt L P holds 10.25% or 175,000 shares in its portfolio.
Insider Transactions: Since May 16, 2016, the stock had 0 insider purchases, and 15 sales for $6.73 million net activity. 1,065 shares with value of $204,267 were sold by WADORS PATRICIA L on Monday, September 12. Shares for $1.30 million were sold by WEINER JEFF on Tuesday, August 16. Taylor Susan J.S. had sold 426 shares worth $54,592. On Tuesday, May 17 the insider BATTLE A GEORGE sold $22,298. On Tuesday, September 6 CALLAHAN MICHAEL JOHN sold $108,655 worth of the stock or 564 shares. Gamson Michael sold $880,076 worth of stock or 6,839 shares. On Tuesday, May 17 KILGORE LESLIE J sold $22,298 worth of the stock or 174 shares.
LinkedIn Corporation is a professional network on the Internet with approximately 400 million members in over 200 countries and territories. The company has a market cap of $25.93 billion. The Firm provides the majority of its products at no cost to its members. It currently has negative earnings. It offers approximately three product lines: Talent Solutions, which includes Hiring, and Learning and Development; Marketing Solutions and Premium Subscriptions.
LNKD Company Profile
LinkedIn Corporation (LinkedIn), incorporated on March 6, 2003, is a professional network on the Internet with approximately 420 million members in over 200 countries and territories. The Firm provides the majority of its products at no cost to its members. It offers approximately three product lines: Talent Solutions, which includes Hiring, and Learning and Development; Marketing Solutions and Premium Subscriptions. The Company’s products are sold through approximately two channels, an offline field sales organization, which engages with both large and small enterprise customers, as well as an online, self-serve channel, which includes enterprise clients and individual members purchasing subscriptions. The Company’s solutions include Free Solutions and Monetized Solutions.
More notable recent LinkedIn Corp (NYSE:LNKD) news were published by: Wsj.com which released: “Russia to Block LinkedIn Over Data-Privacy Dispute” on November 10, 2016, also Profitconfidential.com with their article: “LNKD Stock: This Is the REAL Story on LinkedIn Corp” published on June 13, 2016, Fool.com published: “Better Buy: LinkedIn Corp. vs. Facebook Inc.” on September 22, 2016. More interesting news about LinkedIn Corp (NYSE:LNKD) were released by: Fool.com and their article: “Why LinkedIn Corp. Has Fallen 15% in 2016” published on June 24, 2016 as well as Fool.com‘s news article titled: “Microsoft’s LinkedIn Corp Acquisition: 3 Reasons to Be Skeptical” with publication date: June 17, 2016.
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